MAINE MACHINE PRODUCTS CO., INC PROFIT SHARING AND 401(K) PLAN
Plan Contact
- Address: 79 PROSPECT AVENUE,SOUTH PARIS,ME
- Contact person: ERIKA R DOUGLASS
- Phone: (207) 739-6242
Plan General Information
MAINE MACHINE PRODUCTS CO., INC PROFIT SHARING AND 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2018, the total number of retirement plan participants in MAINE MACHINE PRODUCTS CO., INC PROFIT SHARING AND 401(K) PLAN is 180
MAINE MACHINE PRODUCTS CO., INC PROFIT SHARING AND 401(K) PLAN Estimated Average Employee Contribution Amount
In 2018, the estimated average employee contribution amount per participant for MAINE MACHINE PRODUCTS CO., INC PROFIT SHARING AND 401(K) PLAN is $2,177.00.
MAINE MACHINE PRODUCTS CO., INC PROFIT SHARING AND 401(K) PLAN Estimated Average Employer Match
In 2018, the estimated average employer match for an employee in MAINE MACHINE PRODUCTS CO., INC PROFIT SHARING AND 401(K) PLAN is approximately $630.00
Investing in this additonal $630.00 for 20 years would give you extra $40,344.00, assuming a 10% annual return.
Investing in this additonal $630.00 for 20 years would give you extra $40,344.00, assuming a 10% annual return.
MAINE MACHINE PRODUCTS CO., INC PROFIT SHARING AND 401(K) PLAN Total Employer Contribution and Match Rate
In 2018, MAINE MACHINE PRODUCTS CO., INC PROFIT SHARING AND 401(K) PLAN allocates $113,469.00 to match its employees' contributions, providing an employer match rate of 57.91% of their contributions
Enrollment Features
MAINE MACHINE PRODUCTS CO., INC PROFIT SHARING AND 401(K) PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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